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Brazil delays jets decision until 2013; Boeing ascendant  UNITED NATIONS: Brazilian President Dilma Rousseff has decided to wait until mid-2013 to make a decision on a multibillion-dollar Air Force jets contract, and Boeing's chances of winning the deal have improved due to its recent alliances with local aircraft maker Embraer , two senior officials told Reuters. The contract to overhaul Brazil's Air Force with more than 36 new fighter jets will be worth at least $4 billion and is one of the most closely watched defense deals in the emerging-market world. The finalists are Boeing, France's Dassault Aviation and Sweden's Saab. Rousseff plans to apprise US President Barack Obama of the delay during a possible meeting on the sidelines of the United Nations General Assembly this week, the officials said, speaking on condition of anonymity. Rousseff herself will make the final decision on the jets, which will help mold Brazil's military and strategic alliances in coming decades as it seeks to ...

Brazil prosecutor charges Petrobras over 2011 spill  RIO DE JANEIRO: A prosecutor from Brazil's Public Ministry has charged state-run oil company Petrobras with environmental crimes for a spill at its Duque de Caxias refinery that allegedly contaminated the mangroves and estuary of Guanabara Bay off Rio de Janeiro. Public Prosecutor Renato Machado also charged two employees of Petrobras in a statement released on Monday. The spill occurred in June 2011. "The Reduc (refinery) acted with complete negligence. They knew since 2007 at least that the ...
Ex-Fenoco railway president moves to Drummond coal in Colombia BOGOTA: Former president of Colombia's main coal railway, Fenoco, has joined Drummond International, Colombia's second largest coal exporter, as an executive vice president, according to the company. Peter Burrowes, who left Fenoco in August after the end of a 25-day strike at the rail line, will be responsible for operations associated with the port and the railway, according to the announcement obtained by Reuters. Fenoco's shareholders include Drummond, Goldman Sachs affiliates and Glencore International Plc's Prodeco unit. Copyright ...
Miner BSG may sue Brazil SAO PAULO: BSG Resources, a mining company operating in Guinea with Brazil's Vale, may sue investment bank BTG Pactual over the latter's role as an adviser to the West African country's government, O Estado de S. Paulo newspaper reported on Sunday. According to the paper, BSG Resources Chief Executive Asher Avidan is in Brazil looking for legal advisers, with a view to filing a lawsuit against BTG Pactual and partner AGN Participa??es. BTG Pactual and AGN ...
Crews extinguish fire at El Palito refinery CARACAS: Firefighters extinguished a blaze in a fuel storage tank at Venezuela's El Palito refinery, state oil company PDVSA said on Saturday. The fire was started by a lightning bolt during a storm Wednesday night, but the 146,000 barrel-per-day (bpd) El Palito facility continued operating. Two tanks were initially set alight, but the fire in one was put out within hours. In a statement, PDVSA said the blaze in the second storage tank was completely extinguished late ...
Britain, Sweden silent on Ecuador Assange proposal LONDON: Britain's Foreign Office was tightlipped on Saturday over a proposal from Ecuador that WikiLeaks founder Julian Assange be transferred from London to Sweden but stay under Quito's protection. Sweden's foreign ministry for its part said Stockholm had not received any approach from Quito and would not speculate on the proposal. Ecuador's Foreign Minister Ricardo Patino said he was weighing such a transfer as a possible alternative for Assange to "remain under our protection while also satisfying ...
Argentina GDP shows no growth in second quarter yr/yr  BUENOS AIRES: Argentina's gross domestic product was flat in the second quarter versus the same period last year and fell 0.8 percent when compared with the first quarter, the government said on Friday. The government tweaked its data for the first quarter, revising down the growth figure compared with the fourth quarter of 2011 to 0.6 percent. Copyright Reuters, 2012 ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln